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, a possible tax on bank deposits and austerity measures that could result in the loss of thousands of jobs. that has sparked a protest. welcome to a brand-new hour of america's news headquarters. >> jamie: good to see you. good morning, to all of you. it happens that time is running out fast in cypress. if they can't reach a deal, the european central bank will stop providing emergency funds to cypress after monday, triggering a collapse of the country's banks. greg? >> shannon: hey, jamie, eric. it is crunch time here in cyprus. the economic fate of the country could be decide in the next several hours. all of europe and the united states is watching. the action rate now is in brussels. officials are meeting with the top brass at the u.u., the european central bank. they are trying to figure out a bailout for the near bankrupt country. the terms are tough, including the bank levy, 20% on big depositors at the main bank, which has been very controversial. in addition to that, other demands on the bank system have people worried about their job, worried about their moan. we were out and abo
.s. senate this morning approves a budget proposal that calls for almost a trillion dollars in tax hikes. and that's the very latest. hello, everyone, i'm jamie colby, and this is a brand new hour inside america's news headquarters. >> i'm gregg jarrett, glad you're with us. this nonbinding plan was approved just before dawn this morning after nearly 13 hours of nonstop voting. >> yeas are 53, nays are 46. the amendment is adopted and now there are -- there are adoptions that concur resolution is met. >> it's the first senate budget proposals in four long years and basis for future negotiations between congress and the white house. elizabeth prann is in our d.c. bureau with more. >> reporter: it may have taken almost all night for the first time passing. and a plan raising nearly a trillion dollars in new taxes and the government would still be in a deficit ten years from now. senator patty murray, however, argues it creates jobs and economic growth for the democrats, the vote is a big accomplishment. >> first of all, over the last two decades the average budget resolution considered 78
for about $1 trillion in tax hikes. it does nothing to lower america's whopping $16 trillion debt and it now sets up contentious negotiations with a republican-controlled house. hello, everybody. i'm live in the nation's capital. america's news headquarters starts right now. >>> folks, it was a senate all-nighter. finally in the early hours of the morning, the budget deal passed. not one republican voted for the plan and four red state democrats, who are up for re-election in 2014, also voted against it. we are joined now with the very latest on the last-minute scramble to get the deal done and where it goes from here. elizabeth? >> reporter: after 13 hours and 6 minutes, the senate narrowly approved the budget plan, passing 50-49. during the marathon session, senators were facing more than 500 amendment bus they voted on about 70. the vote-a-rama getting praise from the top members. >> i know everyone is exhausted. you may not feel at the moment. this is one of the finest days in the senate in recent years. >> reporter: the resolution raises nearly $1 trillion in new taxes. the government w
obamacare tax, the medical device tax on everything from latex gloves to wheelchairs to dentsal instruments. but health insurance industry advocates warn more taxes from this law are coming down the pike. >> the reform law includes a new $100 billion tax in health insurance that starts next year. 2014 will be $8 billion. that's going to mean an average will pay $100 more on a premium as a result of this tax alone. small businesses will pay over $350 for each family they provide coverage for. >> president obama said in a statement today that obamacare is already saving seniors money on prescription drugs. and it's slowing the growth of health care costs. the president also said in a statement today that, quote, beginning in october, you'll be able to sign up for new private health care plans through a new health insurance marketplace where private plans will compete to save middle class families money. but because many states say these marketplaces, these exchanges are too unwieldy and expensive for them to set up on a local level, it false on the federal government to set them up. >> no mon
are calling for changes to the law including a medical device tax which a lot of democrats includie ining al franken want eradicated. congress will have to tweak the law but that's going to be very difficult because parties just don't generally agree on this law. >> the health and human services department which was involved to a certain extent was hit with sequester cuts. could that impact the viability of this new health care plan for america? >> i think the administration's going to put all the resources it can, because it is just so important to the white house, that they are going to put all their manpower. other programs within hhs would have to suffer. some republicans voted against the bill that would have averted a government shutdown because it does fund the implementation of obama care. >> interesting. big decisions that have to be made along the way. so it's not done until it's done. thanks so much, bob. happy sunday. >>> an extreme weather alert for you. it is supposed to be spring almost. well, guess what? big snowstorm moving across the country. that storm yesterday forced the
is the answer to everything. more tax, more spending. ours is, let's save medicare, let's save social security, let's downsize the federal government to a size that is manageable and affordable. >> shannon: there are all kinds of fiscal issues with the budget, with sequester and the debt ceiling, not far off. have you offered a number of ways that you think the federal government could be cutting back. your office is good at looking at budgets and plans. you have note aid number of things that could have been done n. liu of closing the white house to public visitors, but did you have bipartisan crossover. >> i had bipartisan crossover because they're getting ready to run for election. there is a game play in the senate. this administration wants to show the american public that we can't cut $44 billion between now and september 30 without them experiencing massive pain. they have every intention to make it hurt to get the point that we need to spends every penny we are spending. which is absolutely ludicrous. it's a shame they are doing that because a lot of things -- we are going to have air
. the senate to pass a budget. they have forced spending cuts. they are not moving on tax increases and the president has become forced to try to deal with republicans now soe they can come to some consensus how to move forward. that is why you see republicans moving up. they are showing leadership while the president was showing a permanent campaign basis. >> heather: i want to talk about the likeability factor of president obama. he is on this charm offensive. do you think that perhaps he is seeing the numbers that have been recently released the pew research center talking about his overall likeability. 47% of americans say they approve of president obama that is down four points from last month and 8 points since last december. i know you said, julie, that is not abnormal, that does happen during a second term. they go up and all of a sudden they go down but president obama's numbers have dropped more steeply than his predecessor. what do you make of that? >> look, people are fed up with what is going on in washington. when they voted, they said, look we'll resolve a lot of thin
Search Results 0 to 6 of about 7

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